Baillie Gifford & Co. Grows Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Baillie Gifford & Co. increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 66.5% in the 4th quarter, Holdings Channel reports. The firm owned 418,858 shares of the investment management company’s stock after buying an additional 167,219 shares during the period. Baillie Gifford & Co.’s holdings in Golub Capital BDC were worth $6,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GBDC. Creative Planning raised its holdings in shares of Golub Capital BDC by 1,156.5% during the third quarter. Creative Planning now owns 182,095 shares of the investment management company’s stock valued at $2,751,000 after purchasing an additional 167,603 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Golub Capital BDC by 22.2% during the third quarter. Foundations Investment Advisors LLC now owns 15,646 shares of the investment management company’s stock valued at $236,000 after purchasing an additional 2,841 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Golub Capital BDC by 5.1% during the third quarter. Eagle Bay Advisors LLC now owns 100,815 shares of the investment management company’s stock valued at $1,523,000 after purchasing an additional 4,891 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Golub Capital BDC by 2,083.7% during the third quarter. International Assets Investment Management LLC now owns 167,993 shares of the investment management company’s stock valued at $25,380,000 after purchasing an additional 160,300 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Golub Capital BDC by 13.9% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 236,110 shares of the investment management company’s stock valued at $3,568,000 after purchasing an additional 28,825 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Stock Performance

GBDC opened at $15.96 on Wednesday. The firm has a market cap of $4.24 billion, a P/E ratio of 11.57 and a beta of 0.54. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The company has a 50 day simple moving average of $15.35 and a two-hundred day simple moving average of $15.18. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 4.73.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.62 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.77%. Golub Capital BDC’s payout ratio is currently 113.04%.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.